Holiday Inn Express and Suites w/ Development Land
Kansas City IHG Hotel with Additional 2+ acre development site
Marketing description
This is a fully renovated, stabilized Holiday Inn Express in a market that continues to grow. Recent Flash reports show the property is up +10% YTD with a very consistent history of top line and NOI. This is the kind of deal that your lender will love….YTD revenue and NOI are up, this is a solid performer.
Additionally, there is a 2+ acre site that can be sold with the hotel or without that is zoned for a hotel or another use. This is a market that could absorb an extended stay and would be a compliment to the market with several brands offering key money for the location.
The hotel recently completed a PIP, scores well and the owner maintains the property with a high level of attention. The dehumidifier in the pool is currently being replaced and all mechanical is in good condition with upgraded brands.
This is a quiet offering as the staff is not aware of the transaction so no unannounced tours.
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